The market will look for more news on current conditions when Savills delivers a full-year trading update today, says Colin McLean, managing director of SVM Asset Management.
McClean says forecasts could rise as a result and the introduction of REITs in the UK should boost transactions activity and Savills’ consultancy business.
He says the key issue is Trammell Crow’s 19.4% stake in the property services group which could be placed in the market or bought back.
References: The Daily Telegraph 09/01/07 page B11 (The Market – CityTrader)
